25Mar3:26 pmEST
Final Hour Chess Moves
Here are two quick final hour trades to post.
I sold a small piece of FAZ long here at $12.51 from $11.97 entry yesterday. I am now down to 1/2 position of the original, letting it ride with the financials still weakening here.
I also sold my $JNUG long at $22.11 from $22.16 entry on Monday for a few pennies loss. I did not see much movement from the miners since my entry and will reassess the group again tomorrow. I was playing for an imminent squeeze higher but did not get it, so I will flatten out and look for fresh entries if the action keeps improving.
UPDATE: I went long UVXY (ultra-long volatility) at $15.53 with a stop-loss below $14.30 for a risky swing trade, playing for fear to spike.
UPDATE II: Sold 1/3 of the $UVXY long here at $15.85 into the bell from $15.53 entry posted earlier to scale initial gains. Will swing the rest.